In the wake of the Bre-X Minerals affair (as well as similar events in the past), it is more important than ever that investors ask certain questions of mining promoters and companies.Two of the main …
Australian-based Carpenter Pacific Resources has agreed to transfer to Mt.Kare Gold Resources a 10% free-Carried interest (to mine feasibility) in the Mt. Kare property, which is situated near the Por…
Two coal mines and a base metal operation won prizes in three separate categories at a provincial mine rescue and first-Aid competition held in Prince George, B.C.Winners include the Tumbler Ridge min…
By August, Madsen Gold (MGF-T) expects to have achieved full commercial production of 500 tons per day at its namesake gold mine in the Red Lake district of northwestern Ontario.The junior says it is …
A prospecting agreement with NCC Mining (NC-V) allows Archon Minerals (ACS-V) to earn a half interest in NCC’s DC property, 350 km northeast of Yellowknife, N.W.T.Airborne targets defined by Archon’s …
Vancouver-based White Knight Resources (WKR-V) has acquired a property consisting of 76 claim blocks near Elko, Nev.The company paid a private vendor US$25,000 for the property, which is part of its L…
Gem River (GR-A) has resumed mining of sapphires at the Lower Dry Cottonwood property in Montana.The company is anticipating mined production of approximately 1.5 million rough carats of sapphire this…
Management of DiamondWorks (DMW-T) plans to spend the proceeds of a proposed $20-Million private placement to advance its diamond and mineral properties worldwide.The placement will be in the form of …
Kennecott Canada, a unit of Rio Tinto (RTP-N), has located a new kimberlite pipe on the Ice property of Lytton Minerals (LTL-T) in the Northwest Territories.The pipe, designated LI-201, is entirely la…
Pelangio Larder Mines (PLLM-C) can earn a 40% interest in two properties staked by Battle Mountain Canada (BMC-T) last September in Temagami, Ont.One property is in Tyrrell Twp. and the other in adjac…
Heavy snowfalls and rains have caused widespread problems for mines in northern Chile. Hardest hit was the Refugio gold mine, owned by Bema Gold (BGO-X) and Amax Gold (AU-N).Several metres of snowfall…
Following in the footsteps of a Soviet exploration crew in the 1980s, International Pursuit (IPJ-T) has confirmed a surface showing of gold mineralization at its Ulzit Gol licence area in west-Central…
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